Stena pays £50m for P&O routes and ferries

Stena Line has secured the purchase of one of P&O’s Irish Sea routes after the UK Competition Commission blocked an earlier bid.

Stena has bought the Fleetwood-Larne route and five ferries from P&O for £50 million in cash. These are European Leader, European Pioneer, European Seafarer, and the two P&O ferries currently operating on the Mostyn-Dublin route, European Ambassador and European Envoy. The sale is expected to be completed on 5 April.